Search form

TRENDING:

FEATURED:

Reid feigns ignorance of White House ‘fiscal cliff’ plan

“I have no idea what you’re talking about,” Reid said. “Do you know what the plan is?”

“The plan that includes revenues,” the reporter continued.

“What kind of revenues?,” Reid responded. “What else?”

The reporter noted the plan would require Congress to cede control of the debt ceiling to the White House, and said it included $200 billion in economic stimulus.

“I think it was $50 billion,” Reid said.

Earlier this month, Treasury Secretary Timothy Geithner outlined the president’s initial offer to Republicans in the “fiscal cliff” negotiations. The White House sought $1.6 trillion in new tax revenue through higher rates on wealthy citizens, $400 billion in cuts to entitlement programs, and a new $50 billion stimulus plan. The plan would also allow the president to raise the debt ceiling without action from Congress, something many lawmakers oppose.